Crypto Contest October 14: Santiment
Santiment (SANUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Santiment began a wave one advance on July 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 24, and the red wave two (blue sub-waves a-b-c) correction ended on September 15. If this wave count is correct, Santiment should be heading next towards the August 24 peak in the red wave three.
(Chart courtesy of Tradingview.com)
Zooming in the two-hour chart, I believe Santiment has finished the blue sub-waves one (green micro waves i-ii-iii-iv-v) and two (green micro waves a-b-c) from the September 15 low.
(Chart courtesy of Tradingview.com)
To sum up, Santiment is currently most likely in the red wave three (blue sub-wave iii).
(Chart courtesy of Tradingview.com)
Funnymentals
Here is the link to the official Santiment video.
Santiment: A Better Way to Trade Crypto Markets from Santiment on Vimeo.
If you think this analysis is correct, upvote this post and upvote the comment "Santiment will takeout the August 24 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Santiment will drop below the July 16 low".
If you think Santiment is in a range, upvote this post and upvote the comment "Santiment will stay in a trading range between the July 16 low and the August 24 peak until November 14".
You can upvote the comment until 3 PM EST October 15 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Santiment will stay in a trading range between the July 16 low and the August 24 peak until November 14 (28 voters as of 3 PM EST October 15: twinner, ace108, cryptotem, lucasgabd, flemingfarm, simonjay, me-tarzan, kooshikoo, damla, catena, starline, komischername, coolthings, mirda, ahinga, mprgrmmr, abh12345, crokkon, psywalker, ragnaros, carlosdaniel, andy23, allmonitors, richard78624, arpepa, kryptofan, mihail.tsvetkov, me-do).
Santiment will takeout the August 24 peak (9 voters as of 3 PM EST October 15: bentleycapital, daniel.dalo, eirik, reconnectnature, jznsamuel, anetchen, digitalking, amfid4846, sallysmith).
Visiting a fellow MAW member. Interesting analysis you have there. I'll take a shot in the dark and say that Santiment is in a range.
Thank you Glenn. Please remember to vote the right comment.
OK, I did.
Great review! We have also written unbiased ICO analysis about Santiment Network Token (SAN), that goes much deeper than most, pointing out strengths & weaknesses of this crypto project. - https://steemit.com/cryptocurrency/@ipa-news/santiment-review-usdsan-5min-read
Santiment will drop below the July 16 low (6 voters as of 3 PM EST October 15: gregory-f, tzap90, yefet, gunsmithing, napkin, freskil).
You won.
Awesome! Thank you very much.
Yes. We got a huge spike here.
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